Homes like ours are selling between 100k to 200k, depending on various factors, in our area.

Hi Vasudev,I suppose this depends on if you have reserves already for this property.

I have seen quite a few CRE platforms (Loopnet, Reonomy, Crexi etc.) and all have horrible ratings with the Better Business Bureau.What does everyone here use as a reliable source of info to prospect and be able to do due diligence?

The debt: 7.10% rate FIXED for 10 years, 2 years interest only, 25 year AM.Thank you to all of our TEAM at The Stephan Group who will be involved to make this deal a HOME RUN play.

Moreover, given current market conditions and rates, understand that most markets only offer cash flow if you implement a creative strategy.

My questions stems from wanting to take out a 2nd mortgage to build an ADU now while rates or high or keep waiting until rates drop.

The only difference when you run your numbers is that your cash-on-cash return and your cap rate are the same since there is no leverage. 

Personally I would make a new listing on my own account and contact each guest asking them to rebook at the same rate on your new listing. 

Depending on where this is located ( I assume in the burbs or even the hood. 

Yes, interest rates are really high and that is going to effect a lot of markets.